S&P gives One Communications loan B

Standard & Poor's said it assigned its B bank loan rating to One Communications Corp.'s proposed $560 million senior secured first-lien term loan C and $30 million revolving credit.

The recovery rating is 5, the agency added.

At the same time, the agency said it affirmed the B corporate credit rating.

The outlook is stable.

According to S&P, the ratings on One Communications continue to reflect a vulnerable business risk profile stemming from a lack of sustainable competitive advantages against financially stronger incumbent telecom operators, exposure to potential regulatory changes, low barriers to entry and integration risks.

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